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Conditional Fee Agreement
"I need a Conditional Fee Agreement for a personal injury case, with a 25% success fee payable only if we achieve a settlement or court award exceeding €50,000, to be effective from March 1, 2025."
1. Parties: Identification of the solicitor/law firm and the client
2. Background: Context of the agreement, including brief description of the legal matter for which services are being provided
3. Definitions: Key terms used throughout the agreement, including 'Success', 'Conditional Fees', 'Basic Charges', and 'Success Fee'
4. Scope of Services: Detailed description of the legal services to be provided under the agreement
5. Success Criteria: Clear definition of what constitutes 'success' in the matter and triggers the payment obligation
6. Basic Charges: Details of how basic legal fees are calculated and recorded
7. Success Fee: Explanation of the additional fee payable upon success, including calculation method and maximum limits
8. Payment Terms: Timing and method of payment, including treatment of disbursements and third-party costs
9. Client's Obligations: Client's responsibilities including providing information, cooperation, and maintaining confidentiality
10. Termination: Circumstances under which either party may terminate the agreement and the consequences
11. Governing Law: Confirmation that the agreement is governed by Irish law
12. Execution: Signature blocks and date of agreement
1. Insurance Arrangements: Details of any relevant legal expenses insurance, used when the client has insurance that might cover legal costs
2. Third Party Funding: Provisions relating to any third-party funding arrangements, included when external funding is involved
3. Risk Assessment: Analysis of the likelihood of success and associated risks, included for more complex cases
4. Counsel's Fees: Provisions relating to barrister fees, included when counsel will be engaged
5. Alternative Dispute Resolution: Provisions for resolving disputes about the agreement, included for higher-value cases
6. Inheritance of Obligations: Provisions for what happens if the client dies during the case, included for personal injury or similar cases
1. Schedule 1: Hourly Rates: Detailed breakdown of hourly rates for different levels of fee earners
2. Schedule 2: Disbursements: List of anticipated disbursements and how they will be handled
3. Schedule 3: Success Fee Calculation: Detailed methodology for calculating the success fee, including examples
4. Schedule 4: Risk Assessment: Detailed analysis of case risks and justification for the success fee percentage
5. Appendix A: Client Care Letter: Standard client care information as required by the Law Society of Ireland
6. Appendix B: Complaints Procedure: Details of the firm's complaints handling process
Authors
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Insurance
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Manufacturing
Real Estate
Professional Services
Retail
Technology
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Compliance
Finance
Risk Management
Corporate Governance
Operations
Procurement
Administration
Litigation Support
Legal Operations
General Counsel
Legal Director
Chief Legal Officer
Head of Legal
Compliance Officer
Risk Manager
Chief Financial Officer
Finance Director
Managing Partner
Senior Partner
Legal Operations Manager
Contract Manager
Practice Manager
Litigation Manager
Corporate Secretary
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